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The temptation to sell into that wall...
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1936 coins to go down to 560. What-the-fluff-is-happening?
There must be news somewhere. Either that or gigantic pump.
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I think you guys sometimes forget people do actually want to buy bitcoins, it's not just traders. There's not always a motive apart from simply buying.
Like a thousand+ coins in a single buy? Hmmm |
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9:13 AM in Japan. Hotline officially opens at 10AM.
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Fucksake why does all exciting stuff happen while I am supposed to be sleeping?
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Wow. Someone slammed on that market buy button pretty hard.
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Why should people who so their Bitcoins if they were not affected by mtgox? That's like if you lose your car keys and I have to sell my car because of that. Totally irrational.
It's more like I just witnessed a bad car crash and I decide to stop driving because I am in shock. |
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Volume has gone silent and frequency of posts in this forum too; that in itself is a sign of depression times.
Someone put a little ask wall of 200 coins at 160.5 and it was fully bought into.
Wasn't bought, he mostly pulled it. He is playing some game / bot. I wonder whether he was testing if 560 is some sort of ghost bid wall or if he is trying to get upwards momentum before dumping? |
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Volume has gone silent and frequency of posts in this forum too; that in itself is a sign of depression times.
Someone put a little ask wall of 200 coins at 160.5 and it was fully bought into.
560? Yup sorry, corrected |
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Volume has gone silent and frequency of posts in this forum too; that in itself is a sign of depression times.
Someone put a little ask wall of 200 coins at 560.5 and it was fully bought into.
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Any speculation as to why LTC/BTC and LTC/USD are going down a bit? Litecoin seems to be an even bigger bear market atm.
Generally when bitcoin takes a cold, alts take swine flu. |
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IMHO There is not a hope we are going to see 620 any time soon. Monday 10AM Japan time a phone number will be very busy crushing hopes (or worse, giving false hopes and prolonging the agony) and making headlines that will possibly give the market an excuse for next drop.
Mr. American Joe Goxxed has suddenly discovered the risks of trusting some website with his coins and money (no matter how popular), and won't likely touch Stamp either, because it is another foreign exchange, or BTC-E that is run by whothefuckknows*.
Other selling forces are hodlers that bought above current price and are slowly losing hope. Oh, and bitcoin thieves (likely including MK himself).
OTOH thanks to the recent headlines, some people just awoke to the idea that bitcoin is worth shit. Bullish! Blockchain.info is at 1.3 million wallets and still growing. New waves of people will enter the game in time, maybe with a small sum on Coinbase, because whynot, but only when they will think the price is right. Everyone wants to catch the bottom and most people miss it, of course. My friends who do not have bitcoins say now they would buy at 100-300. So based on sampling their opinions I expect a painfully long bottom somewhere around 350.
I'll be a happy person if this post proves to be wrong because I hate long downward slides. I am facing my own fears and greed.
* Note: This is not a stance against anonymity. You can do what you want with your money as long as you accept responsibility for your potential losses.
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I really never understood your posts.... Me neither. It keeps reading "This user is currently ignored." |
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How is the situation in Ukraine going to affect Bitcoin ? What if a new war in Europe starts  Bearish in the immediate. Ukraine is already having a run on banks. Hrvnya (local currency) lost 20% of its value in few days. When SHTF, euros and rubles in cash are deemed a safer and more spendable option. Food, weapons, bullets and medicines even better. Who cares about bitcoins then? In theory it would be bullish only if bitcoins in the population were to be an instrument that is diffuse enough to replace cash and smartphones with internet access were guaranteed to stay working during the war. Oh, and also if unicorns were real, too. |
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boy this feels slow and painful.
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102 coins bought in one go to break that 575 micro wall @ stamp...
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The reality seems to be that this man's life is over, he will probably have to go into some kind of protected custody for his safety.
No one has hurt Trendon Shavers, no one has hurt Zhou Tong, no one has hurt James McCarthy. (Just to name some.) Why should it be different this time? |
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What with this 0.00636 bot on Stamp?
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750k is not inconceivable. What is inconceivable is that a significant portion of those "coins" were highly liquid. I agree that if the numbers are that high, it is largely in part due to the use of Gox as a web wallet. The fact that Gox was an exchange is not evidence in and of itself that all coins held there were readily available on the market. Just take a look at the order books -- it puts things in perspective.
If only a smaller fraction of these coins were liquid (say, 100k), then the remaining 650k were for holding, presumably using Gox as a wallet. I still can't imagine that 6% of all coins have been held at gox, at a time when everybody should have known for month what kind of company they are dealing with. You'd be surprised. Until April 2013 I kept a good amount of coins in Gox. A workmate of mine has all of his stash on Stamp as of today. |
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